Hicks: Mike Myers at work on 'Wayne's World 3'

Website JoBlo reported that Mike Myers has finished a first draft of the script for the potential threequel, with Wayne and Garth back to star again.

It's tentatively titled "Wayne's World 3: Wayne and Garth Try Head Banging and Break Their Hips."

Well, if it's not, it should be.

The new story will reportedly focus on the pair coping with the new era of music, their transition from cable to the Internet, and Wayne working on his marriage to Cassandra.

That sounds about as uplifting as "Old Yeller."

There's been no official confirmation of the project being given a green light. According to IMDb, Myers' next project is the previously announced "Austin Powers 4" (which should be titled "Mike Myers Used to be Funny but Ran Out of Ideas").

Myers could use a career resurgence. Outside of voicing "Shrek," his well has largely gone dry the past decade or so.

In January, Dana Carvey said he would be interested in reprising his role as Garth if the opportunity arose. He could also use a career boost.